Eurozone’s industrial sector activity accelerated its pace of decline in July, the latest data published by Eurostat showed on Friday.
Industrial output in the old continent decreased by 0.3% MoM, aligning with the expected decline of 0.3% while down from a 0% reading in June.
Eurozone Industrial Production fell at an annual rate of 2.2% in July versus June’s -4.1%. The market forecast was for -2.7%.